The economic impact of the Iran war continues to ripple across the United States, with Moody’s Analytics Chief Economist Mark Zandi estimating that the average American household has absorbed roughly $1,000 in additional costs over four months. According to Zandi, higher gasoline and diesel prices, rising airfares, increased military spending and elevated borrowing costs have all contributed to the burden. While a ceasefire may have eased immediate tensions, analysts warn that shipping insurance costs in the Strait of Hormuz and potential future disruptions could keep energy prices under pressure, prolonging the financial strain on U.S. families.
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